Vesting Schedule for Launchpad Token Airdrops proposal Results
We are excited to announce the results of the recent proposal to create an agreed-upon vesting schedule for the Lattice Launchpad token airdrops to veLTX holders in March 2023. The proposal aimed to satisfy the needs of both parties involved — the Lattice Launchpad projects and the veLTX holders.
We’re pleased to announce that the proposal has received an overwhelmingly positive response from the community. A total of 82.39% (equivalent to 11M $veLTX) of the votes were in favor of implementing a 6-month vesting schedule, along with $JAM & $ADS airdrops happening March 2023.
The proposal focused on implementing a vesting schedule that would allow the Lattice Launchpad projects to provide veLTX holders their airdrops while also creating a controlled token liquidity emission for the token being airdropped. Two voting choices were suggested to initiate the $ADS and $JAM token airdrops, along with a vesting schedule, to veLTX holders:
- Both tokens (ADS and JAM) are airdropped to veLTX holders simultaneously in March 2023. The tokens will have a full vesting cycle of 6 months from the date the airdrop is received, with the vesting schedule happening continuously and equally every ~15 seconds (every Ethereum block).
- One token is airdropped per month to veLTX holders beginning in March 2023. ADS will be airdropped in March 2023, and JAM will be airdropped in April 2023. The tokens will have a full vesting cycle of 6 months from the date the airdrop is received, with the vesting schedule happening continuously and equally every ~15 seconds (every Ethereum block).
The community has chosen option 1, where both $ADS and $JAM tokens will be airdropped simultaneously to $veLTX holders on March 15, 2023.
The tokens will have a full vesting cycle of 6 months from the date the airdrop is received, with the vesting schedule happening continuously and equally every ~15 seconds (every Ethereum block). The vested tokens will be claimable whenever and however often you’d like to do so over the duration of the vesting cycle.
The airdrop of both $ADS & $JAM tokens will have the following structure:
Meaning that 0.5% of the total supply of both, $ADS and $JAM, will be airdropped to current veLTX holders on March 15, 2023.
We would like to thank everyone who participated in this vote and expressed their opinions on this important matter. We look forward to continuing to work with the community as we move towards the next steps in the development of Lattice Governance.
Important Note:
0.2% of the total supply of $BioFi will also be airdropped in April 2023.
Additional $ADS and $JAM may be airdropped from Constellation in the future to veLTX holders.
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- List your Project for Funding on Lattice Launchpad: Apply here
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